Black Monday Heralds Bear Market - Clive Maund

``It will take something like a 800 - 1000 points down day to achieve this which will probably be the worst crash day, and while we might see one or two more down days immediately afterwards, we would soon be at a high volume selling climax marking exhaustion of the panic phase. Thereafter an erratic rally would probably ensue that would be followed by a more measured decline as the market settles into a bearmarket downtrend.''